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Mickley Corporation produces two products, Alpha6s and Zeta75, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materlals X442

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Mickley Corporation produces two products, Alpha6s and Zeta75, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materlals X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Information relating to materials purchased and materials used in production during May follows: The following additional information is available: a. The company recognizes pilce variances when materials are purchased. b. The standard labor rate is $18.00 per hour in Sintering and $18.00 per hout in Finishing. c. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of $28,250, and 2,860 direct labor-hours were worked in Anishing at a total labor cost of $57,200 d. Production during May was 1,600 Alpha6s and 1,800 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labot. 2. Compute the matetals price and quantity varlances for each material 3. Compute the labor rate and efficiency vartances for each operation. 3. Compute the labor rate and efficiency variances for each operation. Complete this question by entering your answers in the tabs below. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your answers to 2 decimal places.) Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (I.e;, zero variance). Input all amounts as positlve values.) Compute the labor rate and efficiency varlances for each operation. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.)

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